San Roque Real Estate Update - Peabody School District May 2013

As the overall Santa Barbara real estate market continues to be very strong, San Roque and all homes within the Peabody School District continue to also be in very much high demand. In our daily routine as Realtors of networking within our companies and reading emails about buyer needs, it is easy to see that any upcoming good listing within this area is most likely going to see a strong demand from buyers within only a few days of being on the market. So far since the beginning of the year we have seen the following:

44 sales ranging in price from $397,000 to $2.1 million

18 current pending sales ranging in price from $347,000 to $2.6 million

Only 12 current active listings ranging in price from $540,000 to $1.7 million

Many of the sales within the $600,000 to $1.2 million price point tend to see multiple offers and go into escrow right away. We are also in a market that often if sellers go the route of pricing their home low, buyers will tend to bid up the home often higher than a price they were "hoping for" to start with. It is not unusual to now see 3-4 offers on a well priced home in this area. Here is a sample of some of the nicer homes sold year to date in the San Roque / Peabody School District area.

370 Canon Drive, Santa Barbara CA, 93105: One of the more incredible Craftsman style homes you will enter. This dramatic & private hand done 2 bed / 2 bath creek side home is a masterpiece. Hardwood floors, 3 fireplaces, venetian plaster, hand done sliding doors to several creek side patios, stain glass throughout, beam ceilings, dramatic kitchen with granite counters, 2 stunning baths. One of a kind home in a magical setting. This home was listed for $1.4 million and closed for $1,335,000.

San Roque Craftsman Home

2949 Ventura Drive, Santa Barbara CA, 93105:. This charming 1929 English Tudor with a British Colonial-style flare was significantly expanded in 1991 and lovingly remodeled by the current owners. Boasting 4 bedrooms, 3 baths, a large family room, detached studio, separate office, 2-car garage and ample storage, this property offers over 2,700sq.ft. of flexible living space in a magical and private setting on a quiet San Roque street. This homes was listed for $1,465,000 and closed for $1,418,000.